RE:GalenaThat statement is not overly accurate since at one point their AISC were around $15.30. the company continued to implement operational efficiencies in the mine to further decrease costs so they made the switch from mining the silver-copper veins to the silver-lead veins which would further reduce production costs in theory. Due to this transition costs rose due to the lower production throughput to $21/ounce in Q3.
The Galena Mine could actually be profitable at the current silver price if the transition has been completed and even more successful than the $15.30 AISC.
With the additional savings due to the merger synergies such as:
1) G & A savings
There is no telling where costs lie atm.
PikKid